This property looks like a bad Mid-Term investment with a projected -10.14% first-year return on $239k initial cash invested.
-10.14%
Cash On Cash
4.83%
Cap Rate
0.71
DSCR
$7,376
Rent
-$2,015
Cashflow
Cash Flow
$7,376 income − $9,391 expenses = $2,015 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,376
Total Expenses
$9,391
Mortgage P&I
81%
$5,945
Property Taxes
8%
$571
Home Insurance
5%
$368
HOA
0%
$0
Property Management
12%
$885
CapEx
4%
$295
Vacancy
3%
$221
Maintenance
4%
$295
Other
11%
$811